Malaysia end-Jan palm oil stocks fall 6.7 pct to 3 million tonnes - MPOB

KUALA LUMPUR, Feb 11 (Reuters) - Malaysia's palm oil

stockpiles at the end of January fell 6.7 percent from the

previous month to 3 million tonnes, industry regulator the

Malaysian Palm Oil Board (MPOB) said on Monday.

Production in January fell 3.9 percent from the previous

month to 1.74 million tonnes. Exports, however, jumped 21.2

percent from December to 1.68 million tonnes, according to MPOB

data.

A Reuters survey had forecast palm oil's end-January

stockpiles to fall 4.7 percent to 3.07 million tonnes, while

production was forecast to fall 10.9 percent to 1.61 million

tonnes. Exports were forecast to gain 12.4 percent to 1.56

million tonnes.

The following is a breakdown of the Malaysian Palm Oil Board

figures and Reuters estimates for January:

(volumes in tonnes)

Jan 2019 Jan 2019 poll Jan 2018 Dec 2018

Output 1,737,498 1,610,500 1,586,653 1,808,038

Stocks 3,001,169 3,065,037 2,548,704 3,216,476*

Exports 1,676,442 1,555,000 1,472,666 1,383,307

Imports 81,084 75,000 34,825 108,621

*denotes revised figures

(Reporting by Emily Chow; editing by Christian Schmollinger)